He (and probably others too) kept saying that “fiat debasement is 100% certain”. Not 99.99, 100. So when I hear something like that, I can’t help myself and have to disagree.
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Can’t watch the clip right now, does Saif factor in the impact of deflation in fiat though?
I mean, the system can’t handle deflation. I can see how it would have a deflationary effect on bonds but then I’d just expect the Fed balance sheet to absorb more, much like BOJ has so it doesn’t come apart at the seams.
I hear you, but MY point is Saif says unorthodox things and that scares me sometimes so the only logical path forward is for the government to restrict him from using the internet forever.